Hi Guys, I am still toying with a demo account. I've lost a lot (everything's relative) in the market. I was naive with no plan but my emotions to pull the trigger. I currently have some trouble with my internet connection (Winter). It's highly unstable ... Gonna wait spring to start real trading. With only 1K or so if I don't find more until then (Unlikely). Gonna trade ES first, build up then widen to CL, GL & Co. (NO NEED ANYONE TO TELL ME I AM UNDER FUNDED) It's not done on a deliberate purpose. BUT I SHOULD HANDLE IT BOLDLY. I trade intraday, with a DOM, a Daily Chart, Volume at Price and the Volume Delta. Try to catch ample moves and to go with the flow. Mainly "Break Out" Aka. Long volatility. Tight SL and OTM Take Profit. Exit based on Price Action, Volume at Price & Delta. Same for Entry. I am going to risk Min 5% and Max 10% per trade at first (Dradowns). Then decrease my risk to 2.5% per trade. (AGAIN Under Funded where ideal would be 2.5% risk per trade but I first have to build up) Here are some stats from my Paper Trading: (In ES Points, Commissions Adjusted) Min -2.6 Mean 1.0181 Max 10.4 Total 106.9 P(G) 0.619048 Mean/Mean: 2.31965 Plus my return's histogram and cumulative return. Where the histogram outline my thinking: 1. Limit Loss 2. Cover Costs 3. Grow up Gains. And don't mess up with luck.
Since I am talking with traders, Please, don't spend your days drawing lines on the cumulative returns plotline.
For Today ... It has been a hard start. Went against the flow. Tried to pick the bottom (Not Proud). However I ended gettin' it. Recovered and made +7.45 Points. Really nice moves on the ES around the end of the day. Stats for today: Returns = -1.1, -1.1, -1.1, -1.1, -1.1, -1.1, -1.1, 15.15 Cumulative = -1.1, -2.2, -3.3, -4.4, -5.5, -6.6, -7.7, 7.45 P(G) = 0.142857 & Mean / Mean = 13.7727 Stats from the beginning: -2.6 Min 1.02188 Mean 15.15 Max 114.45 Total 0.589286 P(G) 2.46175 Mean/Mean
(*DAILY REPORT*) Outcomes:{-0.85,-1.1,-1.1,-1.1,8.65} Accumulate:{-0.85,-1.95,-3.05,-4.15,4.5} MinMax:{-1.1,8.65} Mean:0.9 Total:4.5 P(G):0.2 Ratio:8.3 Max Draw (Raw):4 Max Draw (Point):4.15 (*CUMULATIVE REPORT*) MinMax:{-2.6,15.15} Mean:1.02 Total:119.95 P(G):0.57 Ratio:2.56 Est & Max Draw(Point):13.36 & 6.95
Gonna start real trading next month. Goal : Average 2 points a day. From 1K to 250K, 6 months. To give my performance credibility, I'll subscribe to Fund Seeder. In addition of these "Reports". So no call, to busy while trading. And if not trading, studying. But only outcomes. Gonna be tight at the beginning. Hope I can convince fortune I am BOLD. However if summer isn't plentiful enough, I'll have to postpone my goals for december.
Here are my Goal ! Actually it's 8 not 6 months. More realistic. Haha Average 2 points per day on the ES, during ~180 days. Risk 2.5% of my account per trade...